CycleBar Australia
ABN :
54639701143
Get ready to rock and roll with CycleBar Australia! This exciting franchise opportunity brings the world's first and only Premium Indoor Cycling™ experience to your doorstep. Founded in Boston in 2004, CycleBar is now the largest indoor cycling brand in the world, with over 1,500 studios across the globe. And now, you can join the movement and bring CycleBar to your community.
CycleBar offers low-impact, high-intensity indoor cycling workouts that are suitable for all fitness levels. With a concierge-level service, premium amenities, and an invigorating concert environment, CycleBar is designed to Rock Your Ride. It's no wonder CycleBar was named as one of the World's Most Innovative Companies in the Wellness category by Fast Company in 2019.
As a CycleBar franchisee, you'll be part of a passionate community of like-minded individuals who are dedicated to helping others achieve their fitness goals. With existing locations in ACT, NSW, QLD, VIC, and WA, the franchise is looking to expand to SA. Setup costs range from $400,000 to $600,000, with ongoing payments between $5,000 to $10,000 and other payments between $25,000 to $45,000.
CycleBar Australia offers a range of classes, including Performance, Classic, Empower, and Xpress, and also hosts CycleGives, a ride designed to help companies, groups, and families raise proceeds for a good cause. With technology like CycleStats, riders can measure their performance and track their progress towards their fitness goals.
CycleBar Instructors are a huge part of the CycleBar experience, acting as educators, coaches, motivators, and friends for riders. Each ride is powered by unique playlists that set the pace and pull riders in, making it a workout they crave.
Don't miss your chance to become part of the CycleBar story. With its unique brand and proven success, CycleBar is a franchise opportunity that's not to be missed. Contact CycleBar today to learn more and start Rocking Your Ride!
Industry Division
OTHER SERVICES
Industry Sub-Division
Personal and Other Services
Address of the franchisor’s registered office
Onyx Business Group, Suite 3.1, 110 Erindale Road, Balcatta WA 6021
Address of the Principal business office
Spin X Operations Pty Ltd Unit 8, 1 Hobsons Gate, Currambine 6028, WA, Australia
Where the franchise currently operates
ACT, NSW, QLD, SA, VIC, WA
Where the franchise is planning to expand
NT, TAS
Last month of franchisor’s financial year
Not Provided
Year in which the last financial year ends
Not Provided
Years In Operation(Years)
3
Supplier Restriction
Yes
Franchisor Can Change Agreement
Yes
What is the standard term of franchise agreements
5 or more years
Are franchisees entitled to compensation for goodwill in the business
The Franchisee does not have any right to any goodwill generated by the Franchisee except for the use of that goodwill during the term and any extension of the franchise agreement.
Are franchisees subject to a restraint of trade (or similar) clause
Yes
Franchising Agreement URL
Not provided
Option For Renewal
Yes - Subject to new agreement AND conditions
Public Email
Public Phone Number
0400242090
Website URL
https://www.cyclebar.com.au/
Youtube Link
Not Provided
Key Facts Sheet Url
Not provided
Minimum Investment
$430000
Maximum Investment
$750000
Minimum Ongoing Payments
$5000
Maximum Ongoing Payments
$10000
Minimum Other Payments
$25000
Maximum Other Payments
$65000
Total Owner Franchisors
7
Total Co-orporate Franchises
1
Disclosure Url :
Not provided
What are 3 reasons someone should invest in a CycleBar Australia franchise?
Ready to rock and roll? Here are three reasons why you should choose CycleBar Australia as your next franchise opportunity:
1. Premium experience: CycleBar is the world's first and only Premium Indoor Cycling franchise, and it shows. With concierge-level service, premium amenities, and an invigorating concert environment, CycleBar is designed to Rock Your Ride. Fast Company even named it one of the World's Most Innovative Companies in the Wellness category in 2019.
2. Inclusive workouts: CycleBar offers low-impact, high-intensity indoor cycling workouts suitable for all fitness levels. With classes like Performance, Classic, Empower, and Xpress, there's something for everyone. Plus, with technology like CycleStats, riders can measure their performance and track their progress towards their fitness goals.
3. Passionate community: As a CycleBar franchisee, you'll be part of a passionate community of like-minded individuals who are dedicated to helping others achieve their fitness goals. With existing locations in ACT, NSW, QLD, VIC, and WA and more to come, you'll have the opportunity to make a real impact in your community.
So why wait? Contact CycleBar today to learn more and start Rocking Your Ride!
Ask a question to CycleBar Australia
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